15221 Chaparral, Apple Valley, California 92307, Apple Valley, 92307 - 4 bed, 3 bath
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15221 Chaparral
Apple Valley, California 92307
ACTIVE UNDER CONTRACT
CONDITION: POOR
4Beds
3Baths
2,869Sq Ft
40,815Lot Size
Property Price
LIST PRICE$468,000
EST. MARKET VALUE
$468,000
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $440,000—positioned well below the $305,948 Fair Market Value by -43%. While the home carries a Poor Condition Rating and requires a full rehab, the expansive 40,815 sq ft lot and 4-car garage offer significant value-add potential. The flexible floor plan, including a potential 5th bedroom, provides versatility for future customization. This short sale is a complex, high-reward acquisition ideal for Fix-and-Flip Investors or Contractors capable of managing a comprehensive renovation project.
Estimated Market Value
$468,000
Based on Realkey algorithm analyzing recent comparable sales in Apple Valley.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15221 Chaparral Subject | $468,000* List Price | 4 | 3 | 2,869 | $163 | - |
A 15150 Riverside Sold | $460,000 | 3 | 2 | 2,206 | $209 | 0.2 mi |
B 15358 Apple Valley Sold | $415,000 | 4 | 3 | 2,066 | $201 | 0.7 mi |
C 14861 Riverside Active | $540,000 List Price | 3 | 2 | 2,570 | $210 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1989 (35 years old), the property falls into the 'Poor' category based on age and the presence of original, dated kitchen and bathroom finishes. While the home has received cosmetic updates like new flooring and paint, the oak cabinetry, tile countertops, and fluorescent lighting are over 30 years old and require a full rehab. The 'AS-IS' short sale status further indicates likely deferred maintenance on major systems.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 40815, living area = 2869.
- Expansive Lot & Location
Situated on nearly an acre at the end of a quiet cul-de-sac, the property offers exceptional privacy and versatility for RV parking, horses, or future outdoor customization.
- Spacious & Flexible Floor Plan
With 2,869 sq ft of living space, a flexible downstairs office/5th bedroom option, and an oversized 4-car garage, this home is perfectly suited for multigenerational living and hobbyists.
CONSRISKS & DEFICIENCIES
- Short Sale Complexity
The transaction is a short sale subject to lender approval with an initiated Notice of Default, which typically involves longer closing timelines and increased procedural uncertainty.
- Strict As-Is Condition
The property is sold strictly in as-is condition, requiring the buyer to assume all responsibility for potential repairs, deferred maintenance, or necessary upgrades.
About 15221 Chaparral
$10,000 PRICE REDUCTION! LENDER-APPROVED SHORT SALE! Opportunity knocks! The price has just been reduced by $10,000, making this spacious cosmetic fixer an even better opportunity for a buyer looking for space, land, and value. Situated on nearly an acre at the end of a quiet cul-de-sac, this 2,869 sq. ft. home offers 4 bedrooms, 3 bathrooms, plus an office/optional 5th bedroom downstairs. Additional features include a functional floor plan, indoor laundry, spacious primary suite with private balcony, and a 4-car over-sized garage. The expansive lot offers room for RV parking, horses, recreational vehicles, or multi-generational living possibilities. The home is a cosmetic fixer, giving the next owner the opportunity to update and personalize the property to their own taste. The short sale has already been approved by the lender at the current sale price, eliminating much of the uncertainty typically associated with a short sale. $10,000 price reduction + lender-approved sale price = an opportunity worth exploring! Bring your vision and see the potential this property has to offer.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1989
- Lot Size
- 40,815 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Apple Valley Unified Schools
Desert Knolls Elementary School
Grades K-6 • 0.3 mi
4/10
Academy Of Performing Arts And Foreign Language
Grades K-6 • 1.6 mi
0/10
Rio Vista Elementary School
Grades K-6 • 2.4 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,869 | 1,716.156 |
| Lot Size | 40,815 | 22,699.063 |
| Price | $468.0K | $442.5K |
| Price per sq ft | $163 | $241 |
| Built year | 1989 | 1990 |
| HOA | $0 | $246 |
| Days on market | 113 | 69 |
Pricing History
Listed for Sale
Aug 11, 2026
$468,000
$478,000
-2% Price Drop
Initial Listing
Price Change
Jul 16, 2026
$478,000
$479,500
+0% Price Increase
Initial Listing
Price Change
Jul 9, 2026
$479,500
$440,000
+9% Price Increase
Initial Listing
Price Change
May 20, 2026
$440,000
Initial Listing
Price Change
May 19, 2026
$575,000
Initial Listing
Sold
Aug 16, 2023
$525,000
Public Record
Sold
Mar 28, 2013
$30,000
Public Record
Sold
Dec 11, 1998
$255,000
Public Record